Word: demanding
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...Governments in Asia, the U.S., U.K., and E.U. face a larger challenge than the failure of financial institutions. The failure of consumer demand will trample the economy well into next year. The only solution to the problem is to given people extremely enticing reasons to spend money. Whether that is done though tax credits or access to inexpensive credit, governments have to move into the difficult role of building a system to create a series of incentives that make spending money more attractive than saving it. That is nearly impossible because it would certainly involve giving people a dollar...
...could growth 3% to 5% in 2009, possibly making it the world's fastest-growing economy. The reason, he says, is India isn't as exposed to the global downturn as China. "India has not been growing in the past decade because of excess world growth," Walker says. "Domestic demand is the strong component." He also argues that Asia could take the lead in a global recovery, and might show signs of an upturn by early 2010. The turnaround will be sparked by Asian companies, which generally are in healthy shape. "They are much less leveraged" than in the past...
...About the time incoming CIA director Leon Panetta sits down in his seventh-floor office to assume his new duties, he can count on the phone ringing off the hook - the Senate and House congressional intelligence committees will demand blood from anyone without a lily-white record. The pressure to join in a witch hunt is going to seem irresistible to Panetta...
...Adds Takako Hosomi, president of Princess House Inc., whose clients demand that their living spaces be transformed to mimic 18th-century European palaces: "It's every girl's dream to wake up on a splendid canopy bed with a kiss from a handsome prince...
...Throughout Japan, managers are slashing production and restructuring to try to weather the economic downturn, which economists say could continue for the next two or three years. "Demand has been falling off a cliff since the collapse of Lehman Brothers," says Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo. Shiraishi says exports declined a "massive" 15% in real terms last quarter...